Congressman Messer introduces budget transparency bill
WASHINGTONâ€”This week, Congressman Luke Messer re-introduced a bill that would require the Presidentâ€™s annual budget submission to include the cost-per-taxpayer of the deficit for each year the budget is projected to be in deficit (H.R. 1315).Â
â€œDeficit spending has real world consequences,â€ said Congressman Messer. Â "This legislation would make sureÂ taxpayers know how much the deficit costs them every year.â€
Congressman Messer believes the most direct path toward a healthier and more secure economy now and in the future is less spending, lower taxes, balanced budgets and smaller debt.Â He says this bill is â€œa small but important first step in that direction.â€
The Internal Revenue Service (IRS) estimates there will be approximately 152 million individuals filing tax returns this year.Â That means the Presidentâ€™s $474 million deficit will cost each taxpayer approximately $3,118.Â
â€œThis bill wonâ€™t solve our nationâ€™s fiscal problems or prevent the government from spending money it doesnâ€™t have,â€ said Congressman Messer. â€œBut making this information more easily accessible will help us and our constituents better understand the impact of budgets that never balance.â€
Last Congress, Rep. Messerâ€™s budget transparency bill (H.R. 668) passed the House with bipartisan support 392-28-1.